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Key Fact Statement (KFS) – INVESTMENT PORTFOLIO ACCOUNT
This product is an investment portfolio account for the purpose of obtaining Investment Services. The investment portfolio account will be opened for the purpose of trading and investing in Shariah compliant investment securities across a variety of asset classes and geographic regions
| Product Details | |||
|---|---|---|---|
| Description | |||
| Investment Portfolio Account: Investment Portfolio Account allows you to invest, hold and trade in Shariah compliant investment securities across a variety of assets classes and geographic regions. | |||
| Shariah Basis | |||
| Amanah | |||
| Eligibility | |||
| Individuals (UAE Citizens/ Residents/ Non-Residents), Sole Proprietors and Business Banking customers with existing Emirates Islamic Current or Savings account(s) can open an Investment Portfolio Account. | |||
| Available Currencies | |||
| Offline Portfolio
Accounts - AED, USD, GBP
and EUR Digital Wealth Accounts - AED, USD |
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| Minimum Balance | |||
| No minimum balance requirements | |||
| Investment Amount Limit | |||
| No cap on investment amount | |||
| Profit Payment Frequency | |||
| This is a profit generating investment portfolio account paid monthly* | |||
| Cheque Book | |||
| Not offered | |||
| Debit Card | |||
| Not offered | |||
| Investment portfolio account opening fee | |||
| No fee charged | |||
| Account Statement | |||
| Monthly | |||
| Fee and Charges on the securities traded | |||
| Fees will be applicable on the securities traded in the Investment Portfolio Account. Please refer the Schedule of Charges for the applicable fees. https://www.emiratesislamic.ae/en/soc/priority-private-banking | |||
| Terms and Conditions | |||
| Please check the investment services section of the Terms and Conditions on the EI website. https://https://www.emiratesislamic.ae/en/customer-personal-documents | |||
| Warning Statements | |||
|
Refer to the Warning Statements below |
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*Payable only on AED, USD Wealth Management Investment Savings Accounts(363).
| Additional Information | |||
|---|---|---|---|
| The Bank reserves the right to amend the Bank’s General Terms and Conditions (including any relevant applications and documents) by providing you with a 60-day notice in accordance with applicable law and the Bank’s General Terms and Conditions. | |||
| The Bank’s General Terms and Conditions (including any relevant applications and documents) shall be read and implemented in line with this KFS. | |||
| The Bank may debit the Customer’s account with any fees or actual expenses payable against the investment services rendered in accordance with the approved and announced investment fees and actual expenses, as notified to the Customer from time to time | |||
| As part of its regulatory obligation and to protect your interests, the Bank will conduct an Appropriateness and Suitability Assessment, and inform you about investment products that are appropriate and suitable as per your profile. | |||
| The cooling-off period allows you to cancel the product within five (5) business days of signing the investment services application form and the Bank will not be able to proceed until this period expires, unless you waive this right. To cancel within this period, you must give the Bank notice. | |||
| You may waive your cooling-off period. If you do so, the terms of the agreement between you and us will be immediately effective and binding. Further specific terms apply in respect of the cooling off period for Structured Products, as set out in the additional Terms for Structured Products. | |||
| Where a longer cooling-off period is specified in the relevant Product Documentation for a particular Product, the longer period will be applied. | |||
| You can contact the Bank for any enquiries, assistance, or complaints at any of its branches or by visiting its website https://www.emiratesislamic.ae/en/contact-us | |||
| Warning | |||
|---|---|---|---|
| In the event of your failure to meet our terms and conditions before and during your relationship with us, there will be consequences which may include but not limited to restriction, blockage or closure of your Investment Account(s). | |||
| The Bank may apply any credit balance which is held in your name in any account and/or at any branch of the Bank towards and/or liquidate or sell any of your Investment Account portfolio assets to settle any obligations or amounts due. | |||
| Important link | |||
| For Key Fact Statement and other important information visit (https://www.emiratesislamic.ae/en/key-information/) | |||
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